Earthport Share Discussion Threads

[epo4eva] 25/9/2017 13:06

SILKSTAG - Sorry I think I missed your rely to this. How much cash are you expecting us to have in the final results?
Please don't answer with slander unless you have deep pockets.

[epo4eva] 25/9/2017 13:02

SILKSTAG - Sorry I think I missed your rely to this. How much cash are you expecting us to have in the final results?

[silkstag] 25/9/2017 11:55

Fy16 summer trading update declared year end cash at £14.9m. The accounts showed £14.4m; management made a dirty error. Let's see if they falsely overstated cash again this year end. Also did they inflate it by delaying creditor payment by say a week. The accounts will reveal the truth.
In the past EPO has had six month periods with limited 'optical' cash burn but there was an anomaly e.g. an investor loannote or customer lump sum - which pays for work mostly before or after that period. We need to see the profit and loss account as it adjusts for such anonalies.
The trend of reported accounts numbers tells the truth. Serial huge losses. Contrast the continuous lies about forecast breakeven.
They also fiddle their 'operating margin'.
About £12m of fy16 turnover was baydonhill fx. Bought at x1 and worth x1. Not x4 as the market is currently valuing it. We need to know how much of fy17 £30m is fx. EPO will cover up this damning data until March 2018. Coukd be a £40-50m valuation error for this alone. Dirty tricky EPO management .
Expect more funding dilution to pay for the trading losses.
Since 2010 issued shares have gone x6 from 80m to 500m. Plus say 120m options and warrants. This offsets any growth.
The unit price slide travellator is killing EPO.
STRONG SELL.
All imho. Dyor.

[josephmanna] 24/9/2017 21:13

no probs Chadders. funny indeed.

epo4eva - The point about blockchain is a simple one. Its offering an immutable approach to an event. That event can offer full transparency. That means multiple projects will pilot opportunities to test the water so to speak.

Its no big deal, but it will offer a decentralised approach to doing business. This in itself is very attractive because it will make processes more efficient, saving money all day long.


It can be applied to anything, authentication, sales of goods, any form of transaction, sale of a property, logging of shipping containers etc etc.... but its shared if its within a network of participants.

EPO may well play a part as it grows into a mature market. It will grow for sure but its not ready for serious traction just yet.

[epo4eva] 24/9/2017 20:22

INTERESTING READ :

hxxp://www.hl.co.uk/news/2017/9/22/14-things-everyone-should-know-about-blockchains

12. """ 9 out of 10 agree that blockchain will disrupt the banking and financial industry. It is estimated that banks could save $8-12 billion annually if they used blockchain technology."""

BE AHEAD OF THE CURVEBALL!!

[isaready] 24/9/2017 15:04

Epo4eva

SILKSTAG - Sorry I think I missed your rely to this.

How much cash are you expecting us to have in the final results?

Great question. I await till she replies.

[chadders] 24/9/2017 13:46

jm, thanks for posting some of the trolls deluded comments from the past.

It is clear she got burned quite badly the last time and is so emotionally feeble she now blames the company, the management, the brokers and the institutional investors for her current plight. Needs to grow a pair and accept responsibility for her errors of judgement and move on. Little chance of that though.

[epo4eva] 24/9/2017 12:04

SILKSTAG - Sorry I think I missed your rely to this.

How much cash are you expecting us to have in the final results?

[josephmanna] 22/9/2017 18:28

India news recently


hxxps://www.earthport.com/news-insights/insights-blog/india-tale-two-challenges/


Looks brilliant. How can you ignore this SilkStag? You blind? look forward or are you incapable getting out of you corner and saying sorry, I'm wrong.

[josephmanna] 22/9/2017 17:30

Thanks for this SilkStag.

I like these numbers, something you've ignored.

Turnover

2010 1.9m
2011 2.5m
2012 3.0m
2013 4.1m
2014 10.8m
2015 19.3m
2016 22.8m
2017 30+m

Do you think 500K increase in their cash pile is significant? or do you think it grew on a tree?

Do you think 140+ pipeline clients are significant?

Do you think revenue growth demonstrates a business which is growing? Note, 1.9 million to 30+m. Its not falling, its increasing.

Do you think their prospects in growing their revenue is negative, meaning it's going to fall or positive, its going to rise year on year?

They have said, India is significant, not significant? Do you think this means its a decent deal?


You seem to ignore their capital investments, growth in revenue and growth in client prospects. Why do you ignore that?

[silkstag] 22/9/2017 16:12

EPO reported results under Hank 'Loss-junkie' Uberoi:

6m to 30-06-10 loss -£1.5m
6m to 31-12-10 loss -£2.1m
6m to 30-06-11 loss -£5.4m
6m to 31-12-11 loss -£5.2m
6m to 30-06-12 loss -£4.4m
6m to 31-12-12 loss -£4.5m
6m to 30-06-13 loss -£3.6m
6m to 31-12-13 loss -£4.8m
6m to 30-06-14 loss -£1.9m
6m to 31-12-14 loss -£5.4m
6m to 30-06-15 loss -£3.3m
6m to 31-12-15 loss -£6.1m
6m to 30-06-16 loss -£2.1m
6m to 31-12-16 loss -£2.9m

[chadders] 22/9/2017 15:34

isa, the key for me is the growth in grossprofit _
2013 - £3.2 million
2014 - £8.3 million
2015 - £15.7 million
2016 - £15.9 million
2017 - £20.7 million (unaudited)

25% operating margin, so once the investment in the global footprint is wound down a bit, it will be a money making machine especially when you consider the opportunity pipeline.

Not many game changers out there but this is one.

[isaready] 22/9/2017 15:17

Chads, clearly they are spending a lot of money to keep the business running, 22odd million. Investments and spending on infrastructure must be large.

But....

This is for the future. They have maintained 25% margin which is key but we can assume, if they get revenue to 45 million that margin will increase sooner or later.

[chadders] 22/9/2017 15:10

"The performance of the business in FY 2017 has been encouraging with a substantial increase in the number of transactions and payment volumes resulting in revenues of GBP30.3 million. We continue to invest in the Company's operational platform to ensure scalability and resilience, as well as expanding our geographical presence and product capabilities. Our ongoing cost efficiency objectives have resulted in a small decrease in administrative expenses. When combined with growing revenues, the adjusted EBITDA(2) loss has decreased by 65% to GBP2.4 million in FY 2017. Excluding our expenditures and investments to support strategic growth during the year, Earthport's existing business continues to generate an operating margin of approximately 25%".

[epo4eva] 22/9/2017 09:24

Silkstag - How much cash are you expecting us to have in the final results?

[silkstag] 22/9/2017 09:20

Epo4eva post 13167 and Dan post 13170 hit the nail on the head by accident, for posterity! EPO's fake news cannon has duped the market into thinking the fy17 results will be "great" and maybe EPO has "already reached the break even point". Lies.

FY16 loss was £8.2m. I do not expect fy17 or fy18 anywhere near £0. Because of the serial unit price slide (35% then 15% then f20%), falling gross profit margin (down 2% pa) and bloated (£26m) central London overheads you can forget breakeven. Truth.

STRONG SELL. All imho. Dyor.

[danstillin] 22/9/2017 09:10

Here's hoping that the massive growth in revenue has continued into this year. With new clients on the books can't see any reason why it hasn't. The trend has been constantly up. Let's hope we have already reached the break even point and about to make profit this year. Share prices should take off once the company is in profit.

[isaready] 22/9/2017 08:51

They won't be handing back 11 million anytime soon, but I get your point.

[epo4eva] 22/9/2017 08:46

How would you like the £11 million in cash handed out in dividends or share buy backs?

[epo4eva] 22/9/2017 08:40

We already know the results are going to be great from the trading updates. The exciting bit is huge transaction growth and costs flattening out.

[nimrod22] 22/9/2017 08:19

Bounced up from the 50 dma graph line

[isaready] 21/9/2017 15:25

Great company:

Forward looking
Solid quarter
140+ clients in pipeline
Significant India deal
Cash balance increased by 500K
Road to recovery
Road to growth

Think ahead
Look ahead
Signs are positive

Embarrassing troll has lost the plot.